House For Sale £365,000
Regalbridge proudly bring to the market a fantastic investment opportunity in the Kenilworth area.
The property is a semi detached building with one self contained retail unit at ground floor, currently being used as a well established chip shop. The front of the property is part two storey, of solid brick construction under a pitched slated roof. The self contained maisonette above currently holds a 12 month AST, starting 20th july.
The ground floor chip shop currently holds a 15 years' lease with rent progression every 3 years and currently achieves a yearly rental of £15,500. The shop is split into 3 sub sections, the front being the service area for customers, mid section as the cooking area with large fridges and freezers along with a small office and the rear being a utility area and access to the back of the property.
The maisonette has a private rear access with a recently signed 12 month AST achieving a rental amount per year of £10,140. On entering the flat is a utlity area with washing machine and staircase leading to the lobby area of the flat. At the lobby, to the left is a family bathroom with bath tub and electric shower. To the front is a large double bedroom with built in wardrobes. To the right is the second large double bedroom with a walk in wardrobe, both bedrooms hosting a large space. The open planned kitchen/ living room is decorated to a modern spec with cream glossy kitchen units, a dining table and sofa.
Located on Whitemoor road in Kenilworth, there are a string of local shops and in a heavily residential area. The town is a 10-15 minutes walk away with local bus routes a stone through away from the doorstep. The property is a few minutes walk from Kenilworth school and a 15- 20 minutes bus ride would find you in nearby towns such as Leamington Spa, Warwick or Coventry.
The property currently achieves a rental amount of £25,640 per annum and a rental yield of 7% per annum.
Freehold - mixed commercial and residential
Call to arrange viewings!
The property is a semi detached building with one self contained retail unit at ground floor, currently being used as a well established chip shop. The front of the property is part two storey, of solid brick construction under a pitched slated roof. The self contained maisonette above currently holds a 12 month AST, starting 20th july.
The ground floor chip shop currently holds a 15 years' lease with rent progression every 3 years and currently achieves a yearly rental of £15,500. The shop is split into 3 sub sections, the front being the service area for customers, mid section as the cooking area with large fridges and freezers along with a small office and the rear being a utility area and access to the back of the property.
The maisonette has a private rear access with a recently signed 12 month AST achieving a rental amount per year of £10,140. On entering the flat is a utlity area with washing machine and staircase leading to the lobby area of the flat. At the lobby, to the left is a family bathroom with bath tub and electric shower. To the front is a large double bedroom with built in wardrobes. To the right is the second large double bedroom with a walk in wardrobe, both bedrooms hosting a large space. The open planned kitchen/ living room is decorated to a modern spec with cream glossy kitchen units, a dining table and sofa.
Located on Whitemoor road in Kenilworth, there are a string of local shops and in a heavily residential area. The town is a 10-15 minutes walk away with local bus routes a stone through away from the doorstep. The property is a few minutes walk from Kenilworth school and a 15- 20 minutes bus ride would find you in nearby towns such as Leamington Spa, Warwick or Coventry.
The property currently achieves a rental amount of £25,640 per annum and a rental yield of 7% per annum.
Freehold - mixed commercial and residential
Call to arrange viewings!
